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Why Binance LUNC Burn Fails to Rebound Terra Classic Price This Time?

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Summary
Nutrition label

63% Informative

Crypto exchange Binance burned 1.193 billion Terra Luna Classic (LUNC) tokens on September 1 .

Total burned Terra Classic community's net LUNC burn has reached almost 132 billion .

Terra Classic price in spot and derivatives markets has failed to bounce this time amid a broader crypto market selloff and debates on chain rule violations by some validators.

Meanwhile, USTC price climbed more than 1% , with the price now trading at $ 0.0156 .

VR Score

40

Informative language

24

Neutral language

63

Article tone

formal

Language

English

Language complexity

39

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not offensive

Hate speech

not hateful

Attention-grabbing headline

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Known propaganda techniques

not detected

Time-value

short-lived

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